Vermilion · MLS® A2330461
211
740 sq ft · Condo · Single Family · built 2014 · 96 days on market
listed by Neesha Brown, RE/MAX OF LLOYDMINSTER
Welcome to South Park Village Condos at 4520 51 Street! This updated 2-bedroom, 1-bathroom, 740 sq. ft. MAIN-FLOOR condo offers easy, affordable, low-maintenance living in a convenient central location.And did we mention NO STAIRS? With easy main-floor access, this unit is an excellent option for college students, first-time buyers, downsizers, seniors, or investors. Inside, you’ll find a bright, carpet-free interior featuring beautiful vinyl flooring throughout and a brand-new dishwasher. Even better, this condo comes COMPLETELY FURNISHED, including beds, couches, side tables, and more, making it truly move-in or rental ready!Enjoy low condo fees of just $300 per month, a local building manager, and the ease of low-maintenance condo living. And yes, it’s PET FRIENDLY with board approval!Centrally located close to schools, shopping, the college, and everyday amenities, while still tucked away from the busier downtown core, this location offers an ideal balance of convenience and quieter living. In a busy college town where affordable, low-maintenance properties are always in demand, this condo offers excellent potential as a comfortable home or investment property.Whether you’re looking for your first home, a comfortable place to downsize, convenient student housing, or an investment with strong rental and resale appeal, this South Park Village condo checks all the boxes!
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $684 · tax $137 · strata $300 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 2-bedroom in Alberta: CMHC's average there ($1,670) lowered by what new tenants pay against everyone in the province (Alberta centres of 10,000+). (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant).) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
Alberta has no cap on how much rent can rise, but only one increase a year, with three months' written notice for a monthly tenancy. alberta.ca
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about $1,927 a year
The asking price times Vermilion's 2026 residential rate of 12.28 per $1,000 (municipal and education).
The listing shows $1,639 a year in property tax.
Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure. Without the city's assessment this uses the asking price, so it's a rough guide.
Walkability 74/100 · Walkable: many errands on foot
Within a 10 minute walk: 2 grocery stores, 10 places to eat or drink, 1 cafe, 3 parks and playgrounds, 1 pharmacy, 1 transit stop.
mihom score from OpenStreetMap places, by straight line distance.
nothing comparable on the market right now.